ConocoPhillips (COP)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 95,924,000 | 93,651,000 | 89,605,000 | 91,441,000 | 93,829,000 | 94,837,000 | 93,693,000 | 93,308,000 | 90,661,000 | 87,304,000 | 85,403,000 | 83,693,000 | 62,618,000 | 63,157,000 | 63,046,000 | 65,033,000 | 70,514,000 | 70,340,000 | 71,261,000 | 71,498,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $95,924,000K
= 0.00
Conoco Phillips' debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.18 to 0.20. A ratio of 0.18 indicates that for every dollar of assets, the company has $0.18 of debt. This suggests that Conoco Phillips has a conservative capital structure with a low level of leverage compared to its asset base. The consistency in the ratio over time signifies that the company has been effectively managing its debt levels in relation to its total assets, indicating a balanced approach to financing its operations. This stable ratio may reflect a strategic financial management stance aimed at maintaining financial stability and minimizing financial risk.
Peer comparison
Dec 31, 2023